Hong Kong’s New World Development Tumbles On Bond Payment Delays Amid Debt Troubles

Hong Kong’s New World Development Tumbles On Bond Payment Delays Amid Debt Troubles

New World Development’s K11 Musea shopping mall, part of the company’s flagship Victoria Dockside development in Hong Kong’s Tsim Sha Tsui district. Paul Yeung/Bloomberg Shares of New World Development, controlled by Hong Kong’s billionaire Cheng family, dropped almost 6.5% on Monday after the debt-laden property developer deferred interest payments on several bonds, deepening investor concerns…

Read More
Hong Kong property: Southeast Asian buyers, schools fuel revival in commercial deals

Hong Kong property: Southeast Asian buyers, schools fuel revival in commercial deals

Southeast Asian companies like lender DBS Group Holdings and fast-food chain operator Jollibee and local education institutions are giving Hong Kong’s property market a much-needed boost, fanning hopes the worst of the investment slump may have passed. Southeast Asian firms and education firms each contributed around 22 per cent of the total HK$6.28 billion (US$809…

Read More
Hong Kong’s largest flex-office provider seeks deals with vacant-office landlords

Hong Kong’s largest flex-office provider seeks deals with vacant-office landlords

The trend of companies offering flexible working arrangements to retain their top talent, far from a pandemic-era fad, is now a permanent fixture of the office property market, according to International Workplace Group (IWG). In addition, global economic uncertainty was shaping office-space demand, driving companies away from being tied to traditional office leases, said Marc…

Read More
Hong Kong’s largest flex-office provider seeks deals with vacant-office landlords

Hong Kong’s largest flex-office provider seeks deals with vacant-office landlords

The trend of companies offering flexible working arrangements to retain their top talent, far from a pandemic-era fad, is now a permanent fixture of the office property market, according to International Workplace Group (IWG). In addition, global economic uncertainty was shaping office-space demand, driving companies away from being tied to traditional office leases, said Marc…

Read More